GOD’S WORK SETTLEMENT?

Sure, nothing new here, just the same old run of the mill illegal activities that you or I would go to jail for. In fact,

people have gone to jail for insider trading, but not Goldman “Houdini” Sachs. Not Lloyd “I have no idea what happened” Blankfein. Jail for them, why they are doing God’s work. You wouldn’t jail a guy for doing God’s work, would you?

When the fines never fit the crimes, we all witness the repetitive childlike result of no consequences. A $22 million dollar agreement with Goldman for what is certainly insider trading by the SEC announced today wherein Gold-man Houdini Blankfein “neither confirms nor denies wrongdoing” is yet another example of crime pays.

A number of repeat offenses compiled by the New York Times for these SEC deals is mind-blowing.

“Huddles” information was shared with “a select group of Goldman’s top clients” under a program called the “Asymmetric Service Initiative,” or “ASI.” I want to know who the “clients”
were, don’t you? No doubt the ASI clients were names we all know well and part of the criminal enterprise we call our financial system.

From the SEC: “Between January 2007 and August 2009, there were hundreds of instances when a ratings change occurred within five business days after the stock was discussed at a huddle, referenced in a huddle script …”

Richard (RJ) Eskow, a consultant and writer (and former insurance/finance executive), is a Senior Fellow with the Campaign for America’s Future and the host of The Breakdown, broadcast Saturdays nights from 7-9 pm on WeAct Radio, AM 1480 in Washington DC.

Mission Statement:

Exposing how the American family was set up to fail, insured to fail, and pushed off the cliff for nothing more than the greed of a few Wall Street Banks. The corruption of the entire system by an elite class undermined the entire financial system and the security of a generation and their children’s future. My blog will express new revelations of truth, fight for fair and equal treatment under the law, and be the voice of the homeowners. I will defend our right to own private property free of Ponzi schemes and boom and bust cycles that steal our futures from us and our children by exposing the scheme..